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GM Plans To Invest Half A Billion In The City Of Detroit

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-b300be355362c0abBy Dr. Sinclair Grey III

The Detroit area will see a boost in its economy. General Motors has announced a plan to invest $449 million in building two new factories to build the next generation Chevrolet Volt hybrid car. In addition to this, two other new vehicles will be built at the factories. However, there is no word on the specified vehicles.

General Motors didn’t specify how many new jobs would be added with the investment. The company currently employs 1,600 people on a single shift and through this investment, a second shift will be added. According to a report by the Associate Press, “GM says it will invest $384 million at the assembly plant and another $65 million in a battery pack plant in nearby Brownstown Township.”

The current assembly plant which is on the border of Detroit and the enclave of Hamtramck makes the Opel Ampera. This is a version of the Volt sold in Europe. In addition to this, the Chevrolet Impala and Malibu sedans are made on the same assembly line.

GM spokesman Dave Darovitz confirmed two future products that will go to the plant. Again, there are no specifics, but rumor has it that one of the products is a new large rear-wheel-drive Cadillac.

“GM says that since 2009 it has announced more than $5.4 billion worth of investments in its U.S. facilities, including more than $2.8 billion in Michigan.”

With sales of the next generation Volt not hitting projected numbers, GM is confident that sales will increase in the upcoming future. Confidence is high on the technology invested in the Volt.

The $449 million investment proves that GM is committed to excellence in addition to creating jobs for many unemployed workers in the Detroit area.

Source: Associated Press and The Root

Dr. Sinclair Grey III is a speaker, activist, author of (5) books, business consultant, life coach, and liberator of persons from all intellectual, social and cultural walks of life. He is a committed advocate for change. Email: drgrey@sinclairgrey.org. Follow him on Twitter @drsinclairgrey. Visit his website: www.sinclairgrey.org

 

4 Comment

  1. Thank you for some other fantastic post. Where
    else may anybody get that type of information in such an ideal way
    of writing? I have a presentation subsequent week, and I’m
    on the search for such information.

  2. If this mean jobs for all American I am all for it. I hope this is a true factor.

  3. Great article, however it is misleading. It's heading states that it is investing in the city of Detroit. In fact, it is investing in the Detroit metro area. Here lies the problem. While the metropolitan population of Detroit has remained relatively steady for the last sixty years, the city of Detroit has seen it's population decrease from close to two million down to the 700000 range. This article does not suggest how GM's intentions will help the "city" of Detroit, which is currently bankrupt. These plants will be located outside the city, which does little to generate revenue for the ailing city.

  4. I cannot run these kind of motorists on my Windows several.

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